Published On: Wed, Oct 19th, 2016

Horizon Bancorp (IN) (NASDAQ:HBNC) Updated Analyst Coverage


A number of investment brokers have recently updated their price targets on shares of Horizon Bancorp (IN) (NASDAQ:HBNC).

Most recent broker ratings

10/06/2016 – Piper Jaffray began new coverage on Horizon Bancorp (IN) giving the company a “overweight” rating. They now have a USD 33.5 price target on the stock.

03/14/2016 – Horizon Bancorp (IN) was upgraded to “outperform” by analysts at FIG Partners.

01/27/2016 – Horizon Bancorp (IN) had its “outperform” rating reiterated by analysts at Raymond James. They now have a USD 28 price target on the stock.

01/07/2016 – Horizon Bancorp (IN) had its “hold” rating reiterated by analysts at Sandler O’Neill.

10/02/2015 – Horizon Bancorp (IN) had its “overweight” rating reiterated by analysts at Stephens. They now have a USD 29 price target on the stock.

08/07/2015 – Horizon Bancorp (IN) was upgraded to “outperform” by analysts at Keefe, Bruyette & Woods. They now have a USD 29 price target on the stock.

01/21/2014 – Horizon Bancorp (IN) was downgraded to “neutral” by analysts at Zacks. They now have a USD 27.7 price target on the stock.

The share price of Horizon Bancorp (IN) (NASDAQ:HBNC) was down -0.20% during the last day of trading, with a day high of 29.61. 17159 shares were traded during the last session.

The stock’s 50 day moving average is 28.92 and its 200 day moving average is 26.32. The stock’s market capitalization is 434.41M. Horizon Bancorp (IN) has a 52-week low of 21.92 and a 52-week high of 30.40.

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities and Horizon Risk Management, Inc. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. The Bank’s loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank’s investment securities include both securities available for sale and held to maturity. Its deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank maintains approximately 54 full service offices.